How to Stake Router Protocol (ROUTE) in Australia

Introduction

Staking Router Protocol can be a great option for those who want to hold ROUTE while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Router Protocol (ROUTE) Tokens

   To stake Router Protocol, you need to own it. To obtain Router Protocol, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   BingX	Router Protocol (ROUTE)	0
   Bitget	Router Protocol (ROUTE)	0.01
   CoinEx	Router Protocol (ROUTE)	0
   Gate.io	Router Protocol (ROUTE)	0
   HTX	Router Protocol (ROUTE)	0
   Kucoin	Router Protocol (ROUTE)	0

   See all 14 prices

2. 2. Choose a Router Protocol Wallet

   Once you have ROUTE, you'll need to choose a Router Protocol wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Stakin	Router Protocol (ROUTE)	Up to 12.94% % p.a.

3. 3. Delegate Your ROUTE

   We recommend using a staking pool when staking ROUTE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ROUTE, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Router Protocol network. You'll be rewarded with ROUTE for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.